Net operating profit after tax: Difference between revisions
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imported>Doug Williamson m (Spacing 21/8/13) |
imported>Doug Williamson m (Category added 8/10/13) |
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== See also == | == See also == | ||
* [[Profit before interest and tax]] | * [[Profit before interest and tax]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
Revision as of 08:19, 8 October 2013
(NOPAT).
A measure of business profitability which is independent of the chosen capital structure, but which does take account of the taxation of the operating profits.
Often estimated as:
NOPAT = PBIT x (1-T)
where:
PBIT = profit before interest and tax; and
T = corporation tax rate.
